77 01/11/2022 31/10/2023 2023-10-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-11-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08756401 2022-11-01 2023-10-31 08756401 2023-10-31 08756401 2022-10-31 08756401 2021-11-01 2022-10-31 08756401 2022-10-31 08756401 2021-10-31 08756401 bus:RegisteredOffice 2022-11-01 2023-10-31 08756401 bus:LeadAgentIfApplicable 2022-11-01 2023-10-31 08756401 bus:Director1 2022-11-01 2023-10-31 08756401 bus:Director2 2022-11-01 2023-10-31 08756401 core:WithinOneYear 2023-10-31 08756401 core:WithinOneYear 2022-10-31 08756401 core:FurnitureFittingsToolsEquipment 2022-10-31 08756401 core:FurnitureFittingsToolsEquipment 2023-10-31 08756401 core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 08756401 core:ShareCapital 2023-10-31 08756401 core:ShareCapital 2022-10-31 08756401 core:RetainedEarningsAccumulatedLosses 2023-10-31 08756401 core:RetainedEarningsAccumulatedLosses 2022-10-31 08756401 core:FurnitureFittingsToolsEquipment 2022-10-31 08756401 bus:Director1 2021-10-31 08756401 bus:Director1 2021-11-01 2022-10-31 08756401 bus:SmallEntities 2022-11-01 2023-10-31 08756401 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08756401 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08756401 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08756401 bus:FullAccounts 2022-11-01 2023-10-31 08756401 core:ComputerEquipment 2022-10-31 08756401 core:ComputerEquipment 2022-11-01 2023-10-31 08756401 core:ComputerEquipment 2023-10-31
Company registration number: 08756401
Roxhill Media Limited
Unaudited filleted financial statements
31 October 2023
Roxhill Media Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Roxhill Media Limited
Directors and other information
Directors Mr A Northcott
Mr S Rickett
Company number 08756401
Registered office Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE
Roxhill Media Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Roxhill Media Limited
Year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Roxhill Media Limited for the year ended 31 October 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Roxhill Media Limited, as a body, in accordance with the terms of our engagement letter dated 5 July 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Roxhill Media Limited and state those matters that we have agreed to state to the board of directors of Roxhill Media Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Roxhill Media Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Roxhill Media Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Roxhill Media Limited. You consider that Roxhill Media Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Roxhill Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
Hertfordshire
AL5 4EE
19 March 2024
Roxhill Media Limited
Statement of financial position
31 October 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 33,906 49,408
_________ _________
33,906 49,408
Current assets
Debtors 6 1,612,733 1,615,679
Cash at bank and in hand 4,674,110 2,158,418
_________ _________
6,286,843 3,774,097
Creditors: amounts falling due
within one year 7 ( 5,554,800) ( 4,704,639)
_________ _________
Net current assets/(liabilities) 732,043 ( 930,542)
_________ _________
Total assets less current liabilities 765,949 ( 881,134)
Provisions for liabilities ( 8,500) ( 12,400)
_________ _________
Net assets/(liabilities) 757,449 ( 893,534)
_________ _________
Capital and reserves
Called up share capital 100 100
Profit and loss account 757,349 ( 893,634)
_________ _________
Shareholders funds/(deficit) 757,449 ( 893,534)
_________ _________
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 March 2024 , and are signed on behalf of the board by:
Mr A Northcott
Director
Company registration number: 08756401
Roxhill Media Limited
Notes to the financial statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, Hertfordshire, AL5 4EE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.Invoiced sales are in the first instance treated as deferred income and thereafter released to the profit and loss account on a straight line basis over the period of contract.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequeunt accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - Straight line over 3 years
Computer equipment - Straight line over 3 years
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised retrospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 77 (2022: 75 ).
5. Tangible assets
Fixtures, fittings and equipment Computer equipment Total
£ £ £
Cost
At 1 November 2022 8,004 80,086 88,090
Additions 990 6,904 7,894
Disposals - ( 3,768) ( 3,768)
_________ _________ _________
At 31 October 2023 8,994 83,222 92,216
_________ _________ _________
Depreciation
At 1 November 2022 182 38,500 38,682
Charge for the year 2,975 20,421 23,396
Disposals - ( 3,768) ( 3,768)
_________ _________ _________
At 31 October 2023 3,157 55,153 58,310
_________ _________ _________
Carrying amount
At 31 October 2023 5,837 28,069 33,906
_________ _________ _________
At 31 October 2022 7,822 41,586 49,408
_________ _________ _________
6. Debtors
2023 2022
£ £
Trade debtors 1,149,088 987,515
Other debtors 463,645 628,164
_________ _________
1,612,733 1,615,679
_________ _________
7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 108,505 184,389
Accruals and deferred income 4,463,320 3,924,321
Corporation tax 484,549 176,882
Social security and other taxes 463,643 404,353
Other creditors 34,783 14,694
_________ _________
5,554,800 4,704,639
_________ _________
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr A Northcott - - - -
_________ _________ _________ _________
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr A Northcott ( 422,768) ( 21,386) 444,154 -
_________ _________ _________ _________
During the year ended 31 October 2022 Mr A Northcott 's directors loan is accruing interest at a rate of 12.68% APR and is repayable on demand.
9. Related party transactions
Mr S Rickett is a director and shareholder in Everlution Software Limited. During the year ended 31 October 2023, the company purchased services with a value of £731,953 plus VAT (2022 - £712,443 plus VAT) from Everlution Software Limited. At 31 October 2023, the balance due from Roxhill Media Limited to Everlution Software Limited was £77,885 (2022 - £nil).Mr S Rickett and Mr A Northcott are both shareholders in Roxhill LLC a company registered in New York, USA. During the year ended 31 October 2023, the company advanced funds to Roxhill LLC of £6,847 (2022 - £80,744). As at 31 October 2023 the balance due from Roxhill LLC was £342,776 (2022 - £335,929).